Former Qwest Communications International Inc. CEO Joseph Nacchios legal team is seeking to overturn his conviction for insider trading.
Nacchios attorney, Maureen Mahoney, filed a 58-page brief with a federal appeals court Tuesday saying there was insufficient evidence for a conviction. She also said the judge gave improper jury instructions and excluded important defense testimony in addition to other company information.
The appeal seeks a new trial.
Nacchio, who is free on $2 million bail, was convicted in April of 19 of 42 counts of insider trading of $52 million of Qwest shares in 2001. He was sentenced to six years in prison, ordered to forfeit his gains and pay a $19 million fine. Nacchio also faces a lawsuit by the Securities and Exchange Commission.
His appeal is set for Dec. 18.
Qwest Communications International Inc. www.qwest.com
.@CatoNetworks and @symantec made the news this week. So did @ATTBusiness. goo.gl/fb/yPWRMa
February 15 2019 @ 20:08:03 UTC
How does #mobility advance your business objectives? @PanasonicUSA goo.gl/fb/x3oxTu
February 15 2019 @ 18:25:56 UTC
.@broadvoice hires new #channelmanagers for Midwest, Northeast. #UC goo.gl/fb/jXU2cY
February 15 2019 @ 17:16:24 UTC
.@MicroCorp is targeting the "exploding" Southwest partner scene. goo.gl/fb/VFWJ6k
February 15 2019 @ 14:45:26 UTC
.@CenturyLink maintains top spot on latest year-end U.S. carrier #Ethernet leaderboard. goo.gl/fb/zauo3w
February 15 2019 @ 14:45:26 UTC
.@TPxComm channel chief provides details on company going public. #UCaaS goo.gl/fb/813iYt
February 14 2019 @ 22:49:19 UTC
.@prestotech and three other partners earned "platinum elite" status with AT&T Alliance Channel. goo.gl/fb/Sm4fma
February 14 2019 @ 21:57:49 UTC
.@DataBank_Ltd hires @Rackspace exec to lead its channel. #datacenter goo.gl/fb/FVK45U
February 14 2019 @ 21:57:48 UTC
Loading ...